Sovereign Financial Group Inc. Takes $447,000 Position in VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Sovereign Financial Group Inc. purchased a new position in VanEck Morningstar Wide Moat ETF (BATS:MOAT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,262 shares of the company’s stock, valued at approximately $447,000.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in VanEck Morningstar Wide Moat ETF in the 3rd quarter worth $45,601,000. Brown Advisory Inc. grew its stake in VanEck Morningstar Wide Moat ETF by 19.0% during the 3rd quarter. Brown Advisory Inc. now owns 15,612 shares of the company’s stock valued at $1,184,000 after purchasing an additional 2,488 shares in the last quarter. Brighton Jones LLC increased its holdings in VanEck Morningstar Wide Moat ETF by 3.2% during the 3rd quarter. Brighton Jones LLC now owns 5,671 shares of the company’s stock worth $430,000 after purchasing an additional 177 shares during the last quarter. Fiduciary Planning LLC acquired a new position in shares of VanEck Morningstar Wide Moat ETF in the 3rd quarter valued at approximately $2,507,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of VanEck Morningstar Wide Moat ETF by 7.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 428,000 shares of the company’s stock valued at $32,254,000 after buying an additional 28,000 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of BATS:MOAT traded up $0.30 during midday trading on Tuesday, reaching $87.04. The company had a trading volume of 752,466 shares. The stock has a market cap of $14.67 billion, a PE ratio of 27.21 and a beta of 1.03. The company’s 50 day simple moving average is $87.06 and its two-hundred day simple moving average is $83.35.

About VanEck Morningstar Wide Moat ETF

The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage.